https://www.taxtmi.com/circulars?id=10333 Directs strict compliance with Rules 118 and 119 of the Income tax Rules, 1962: Income tax Officers must calculate and indicate interest when issuing recovery certificates, Tax Recovery Officers must collect interest accruing after certificate issuance until recovery, and Inspecting Assistant Commissioners must carry out half yearly reviews to ensure year end interest charging, correct interest calculation up to payment, inclusion of interest in certificates, and collection of accrued interest, with reports sent to the Board. en-us Mon, 12 May 1975 00:00:00 +0530 Mon, 13 Jun 2011 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10333 Directs strict compliance with Rules 118 and 119 of the Income tax Rules, 1962: Income tax Officers must calculate and indicate interest when issuing recovery certificates, Tax Recovery Officers must collect interest accruing after certificate issuance until recovery, and Inspecting Assistant Commissioners must carry out half yearly reviews to ensure year end interest charging, correct interest calculation up to payment, inclusion of interest in certificates, and collection of accrued interest, with reports sent to the Board. Circulars Income Tax Mon, 12 May 1975 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10333